Summary: Decentralized exchange GMX might have suffered price manipulation on the AVAX/USD pair. Estimates losses from the incident exceed $500,000, per reports. The exploit was first noticed by on-chain security firm PeckShiled but the tweet was deleted shortly after. GMX responded with a cap on AVAX long and short futures...
Summary: Today is the first day of CoinGecko’s 2022 GeckoCon which will run from the 14th to the 15th of July (9 am to 3 pm EST). This year’s GeckoCon will focus on how Web3 will empower the decentralized future. One of the sessions today discussed the future of DeFi....
Summary: Avalanche has submitted an Apecoin Improvement Proposal to the Apecoin DAO to migrate the Otherside metaverse as a subnet on its blockchain. The team at Avalanche points out that the AVAX chain has ‘rapid transaction processing, higher throughput, greater ability to scale and lower gas fees.’ Apecoin subnet will...
Summary: Coinbase Wallet has integrated swaps on the BNB Chain and Avalanche in addition to Ethereum and Polygon. With an in-app Decentralized Exchange, Coinbase Wallet simplifies the process of swaps and will integrate other networks in the months to come. The team at Coinbase has announced that the platform’s wallet...
Summary: The team from Avalanche has issued a transparency report on the fate of the AVAX reserves that the Luna Foundation Guard and Terraform Labs hold. According to Avalanche, Terraform Labs Purchased 1.09 million AVAX, and the Luna Foundation Guard Purchased 1.97 million AVAX back in April. The Luna Foundation...
Summary: Yuga Labs and the Apecoin DAO board members are reportedly listening to offers on migrating ApeCoin off Ethereum. Avalanche and Flow are allegedly negotiating for Apecoin to migrate to their chains. Neither Yuga Labs nor the Apecoin DAO has confirmed the potential migration to Avalanche or Flow. The Bored...
Summary: The Founder of Avalanche and CEO of Ava Labs is bullish on TerraUSD (UST) ‘once the dust settles down’ He explained that only active teams could defend algorithmic stablecoins against destabilizing bank runs Decentralized stablecoins are necessary as fiat-backed stablecoins are subject to legal seizures The markets will eliminate...
Summary: Aval Labs has reportedly raised $350 million in a round of funding at a $5.25 billion valuation The funding round has not been officially reported Avalanche is hot on the heels of the prominent blockchains of Ethereum and Solana AVAX has already captured the attention of the Luna Foundation...
Summary: The Luna Foundation has announced the addition of Avalanche to its UST reserves and bought $100 million in AVAX Avalanche becomes the second layer 1 digital asset to be added by Terra to its UST reserves Terra chose Avalanche over Ethereum due to its rapid growth and vast fan...
Summary: The amount of Tether (USDT) issued on Avalanche has hit $351 million According to Tether’s CTO, USDT on Avalanche ‘has been growing quite aggressively’ He also adds that Tether is once again exhibiting growth and is ‘the people’s choice’ Tether (USDT) now has a total market cap of $81.322...
Quick take: The Avalanche Foundation has launched the ‘Avalanche Multiverse’ This is a $290 Million incentive program meant to increase the use and adoption of its ‘subnet’ feature ‘Subnets’ are a form of scaling on Avalanche through custom blockchains Avalanche will kick off the program by collaborating with DeFi Kingdoms,...
The Avalanche Summit is scheduled for March 22nd to 27th This is the project’s inaugural summit and will be held in Barcelona, Spain Speakers include several founders and CEOs of crypto projects AVAX could rally to $100 ahead of the summit as the event inches closer However, a death cross...